One estimate predicts oil in Iraq has produced more than $700 billion in revenues since 2003—accounting for about 80 percent of all of the country's funding. By some accounts, billions have ...

In a remarkable shift, Iraq's oil exports jumped by 20 percent since January, and the country exported more oil in April than in any month since Saddam Hussein invaded Kuwait in 1990. Energy ...

Iraq's oil revenues in 2022 exceeded $115 billion, according to preliminary figures announced by the oil ministry on Tuesday -- a four-year high following a collapse in prices during the coronavirus ...

Strategic Outlook for Iraq's Oil & Gas Market: Key Players, Growth Projections and Infrastructure Developments by 2035 - ResearchAndMarkets.com February 07, 2025 07:16 AM Eastern Standard Time ...

Several international oil companies operating in southern Iraq have evacuated their foreign employees amid fears of an expansion of the war between Israel and neighbouring Iran, sources told The ...

Analysts at Goldman Sachs have suggested a worst-case scenario could lead to the supply of oil through the Strait of Hormuz halving for a month and dropping 10% for another 11 months. This would lead ...

The oil is pumped 24 hours a day several meters from Raghed Jasim’s home in Iraq’s crude-rich southern heartland. Gas flares from the field light the night sky bright orange, spewing acrid ...

Iraq’s Development Road aims to reduce dependence on oil by turning the country into a key trade corridor between Asia and Europe. The project involves Türkiye, Qatar, and the UAE, but faces ...

The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most ...

Iraq's central government filed a case at the International Chamber of Commerce in 2014, arguing Turkey was in violation of a 1973 bilateral agreement by allowing the KRG to send oil through the ...

BAGHDAD—For a decade, Iraq has procured Iranian natural gas in an arrangement that powered millions of Iraqi homes but pushed Baghdad into billions of dollars in debt to Tehran because U.S ...

Sitting in his well-furnished home in Kut, in Iraq's Wasit province, 41-year-old Iraqi oil production engineer Hadi Obaid Mery said he is grateful to China ZhenHua Oil for changing his fate and ...